Adverse opinions affect the standard audit report in which of the following ways?
a. Modifying the scope paragraph.
b. Adding an explanatory paragraph before the opinion paragraph.
c. Modifying the opinion paragraph to read " does not present fairly.".
d. Both B and C.
e. All of the above.
e
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Every accounting transaction affects both the balance sheet and the income statement
a. True b. False Indicate whether the statement is true or false
Presented below are selected data from the financial statements of Parade Corp 2016 2017 Net income $150,000 $123,000 Weighted average number of common shares outstanding 105,000 95,000 Market price per share of common stock at the end of the year $12.00 $10.00 The price/earnings ratio for 2017 is
a. .80 to 1 b. 1.43 to 1 c. 8.39 to 1 d. 12.50 to 1
Digital technology allows companies to reach out to customers in numerous ways. Which of the following is NOT the purpose of a company reaching out using digital and social media?
A) solving consumer problems B) building customer relationships C) helping customers shop D) providing product information E) working with suppliers
A sales forecast is most likely to be based on which of the following?
A) the company's variable costs B) the company's growth rate C) the company's break-even point D) the company's marketing expenses E) the company's fixed costs